Chinese stock market opens in 20 minutes
What will today hold? Let's find out
This going to be one hell of ride post yfw the Chinese stock collapses triggering the start of the apocalypse
I was JUST getting my life in order now it's fucking happening 1929 style I'm FUCKED
FUCK this shit
No no no, this creates tremendous opportunity anon. Find yourself a way to gain knowledge of which assets crash the hardest and buy them. Look at oil as an inverse chart and look for a top. If you see a top, buy oil with leverage if possible and you can make a decent profit.
actually my financial adviser told me this like a month ago
lots of people are getting money and buying like 1 share in big companies which caused the index to (artificially) rise
now with China's big anti-corruption shit they are trying to recalibrate their indices and people are losing money bigtime
That's the overall fear.
Too much debt, banks get lending from rich investors, rich investors get losses, try pulling their loans, banks won't pay back yet, rich take money out of the country, yuan devalues, cycle continues.
China needs to do three things today.
1. Allow the stock market to drop up to 20%.
2. Announce increased fiscal spending.
3. Announce no more monetary loosening for a while.
This will allow the stock market to fall to a proper level. 2,500.
Put a floor under the commodity markets.
Strengthen the yuan temporarily.
We will see what they do soon. Tick tock tick tock
You don't understand, even if it falls to $28 then bounces up to $42, That's a 50% gain. Look at when Natural Gas just made it's low a week or two ago. It's already up 25%. These are the best times to buy cheap assets. Just stay on point and only buy the things that are too cheap and you'll do excellent.
they have reported that the Saudis need to strike some sort of deal with a few other ME countries (Kuwait, UAE, and Qatar, iirc) before they cut back oil production because without a coordinated cut said countries will lose a lot of money
atm, the Saudis are okay but are close to running a deficit so they must rely on other countries to cut with them, same with said countries
I agree that they need to let the market have it's way, and removing the circuit breaker was a good idea.
The last few days have been like a dentist who, when pulling a tooth, simply yanks on it for a while each day without actually pulling it.
Without the circuit breaker, there's a better than average chance that the chinese markets are going to crash and burn in a spectacular way...
... but only for a while. Once everyone knows it's game on, there will be a certain level at which the bottom feeders will come in and buy.
It's a tough lesson, and it (may) make for an interesting day tomorrow in New York, but the market will do what the market will do; and the more time you spend trying to fight reality, the harder it hits when reality wins.
The thing is, most people wanna jump onto a moving train. They want to buy something that's been in a bull market for years instead of something That's cheap, Think of it like going shopping. Are you gonna do better if you look for discounts and deals or if you throw all your money at something that's overvalued. If just one decent scuffle breaks out with all the tensions in the middle east, oil double it's price overnight. The upside isn't guaranteed but can you not see how it just looks to good to pass up. Also, if currencies like the Yuan and Ruble continue to struggle, a little bit of money in bitcoin could also be a good idea.
I think a question worth asking is its...
IF china goes to shit in the first hour (like down 20% as one poster suggested)... will china chicken out and shut the market anyway?
If they do, it would only make matters much worse.
The more they intervene the more panicked investors get. The more panicked they get, the more likely it is the yuan will crash also. The halted markets means bitcoin will probably make a gain. That is the functionality of bitcoin in the modern system.
Of course, that's why their fucked in the first place.
There is a general opinion in the world (true in my opinion) that china doesn't play by the rules.
1. Massive fraud involving fake companies sucking in foreign investors.
2. Buy a stock, and worry that china may ban selling that stock with no notice.
A free market, while messier, is cleaner.
>There is a general opinion in the world (true in my opinion) that china doesn't play by the rules.
but they are working on it, imo
but that requires devaluing their artificially created bubble
You are an idiot.
China is printing and buying stocks like crazy, they are sacificing the value of the yuan for the stock market
/pol/ was 100% right, currency crisis is about to ensue
Some of you guys are alright.
Don't go down to Shanghai tonight
hope some of yall bought some chinaman stock
I set a limit for $UVXY at $32.00 the other day and it didn't go though because it jumped to like 35 in first minute.
Should I cancel the order and put in a market order for $UVXY, or do you think that the ride is over?
what do i do /biz/
come back from the bathroom and see this oh wow
the other yellowmen across the sea seem to have figured it out.
pls let stock be kill
I can't handle this back and fourth.
the current back and fourth is the necessary evil for the upcoming rally
Well, the CSI 300 did incredibly well up until last summer. Everyone basically thought it was magic and, yes, lots of people even took loans to invest.
Which, in hindsight, is obviously retarded.
Buggered if I know.
I'm going to guess the DAX and FTSE will rebound a bit, but not enough to erase Monday and Thurday's losses.
Fingers crossed for a better week next week, though a weak January is usually a bad omen.
>Thank you based crashi chan.
>I don't feel bad leaving early.
I can only speculate that the US has been playing chicken with China over this, and China must have folded, allowing us capital to support their markets a la plunge protection team. The US probably has China by the balls now, geopolitically speaking. Just speculation of course
To elaborate this would do the following:
China doesnt need circuit breakers anymore which makes their market appear legit
Also supports the NYSE by not killing China
Gives the US total geopolitical control over china
Am I crazy?!?!
Don't be so quick to judge, Anon. Tuesday and Wednesday weren't so horrible, either, and it still tanked Thursday.
Generally, though, give it time, this too will pass.
Related note, is AAPL a buy now, or will the iPhone 7 be SHIT and everything come crashing down?
China holds treasury bonds both in order to keep its currency devalued relative to the dollar and as a function of its high trade surplus with the US. It's not a fucking bludgeon to use against the US.
I'm not sure about AAPL, honestly. I bought them at 101 and sold them at nearly 52wk high, 132.
So, I feel like repeating that, but obviously that clouds my judgement somewhat. Eh. I'll watch a bit longer.
And gold is flying right now, for obvious reasons, as is anything related.
Buy it if you're into the whole buy high sell low strategy.
Actually, that's a good point.
This company they bought uses AI to read emotions, so they'll probably get it on the iPhone 7 and say that you no longer have to add your own emojis because your phone can predict your emotions by the blood flow in your fingers or some shit
Never. But if you think you have all the information you are deeply mistaken. I believe those controlling the markets are several steps ahead of the public. Do you have a better explanation for all the unprecedented market behavior?
Apple business cycle:
>release new iPhone
>exceed previous sales records by significant margin
>corresponding stock bump
>sales slow down
>speculation that iPhone is over, Apple is finished
And everybody continues to not give a shit about iPad sales, as usual.
I don't sit here pretending like I know what is going on. I think there is an overall bubble regarding credit, debt etc. Brought on by 0% interest rates and QE. Global over valuation of assets by easy money and shadow banking.
I just think there is going to be a reset soon. Go look at the S&P 500 max chart and make your own judgements.
I really wanted this shit to crash and burn, so I could get a bargain tomorrow. Oh well, placing limit orders tomorrow to get all the shit I want, still good prices.
/k/ here. not usually into this but i guess i'm
what gook piece of crap should i be following,
Chinext or SSE?
Slowly going down isn't good enough, I was hoping chinese stocks would shit the bed for 5-10% so I could get some really juicy deals. Anyway, setting up limit orders, shorts and idiots who actually sold their shares got fucked by this bear trap.
This was intended for ...286
Hard to say how long the circus can keep going, but you're right, speculation isn't really useful. I just want people to think this way, there's so much behind the curtain and if you stop thinking about it, they will keep winning
thanks. i'm actually interested in learning the basics of the stock market. is there any series that starts from the basics and then goes on to intermediate knowledge? i dont know shit about stock. is there any youtuber, online article, etc, that goes on the issue?
Tampering. They aren't restricting sales either, like on Tuesday (suspiciously low volume). Which means they are burning money like crazy. But they have to have a good day today, it's their only way out. They need to buy a weekend for a good propaganda campaign. Wait for next week.
I'm also new to this so I'm not really the person to ask. I'm currently going to school and I've been reading some books of my own on the side. I'd recommend browsing /biz/, picking up some reading material, and maybe discussing financial stuff with some of your friends or something.
I knew they tampered with it before, but I heard this time they would let the free market decide. Whether they actually do or not who knows.
It would be amazing if the stocks can regain its losses from this week without government interference
It's clear that all is not right with China, but it might be a slow descent down. At least until something major happens. 2016 is going to be a bearish year, I have little doubt about that. The question is how bad?
I'm going with this. What we are about to experience is no more than a rally, than a drop once more. We're going into a correction whether we like it or not. Corrections are not a measly 10% drop and it's fine after that. No corrections are more than 20% - 45% drop, as we've experienced in September. After this correction, it will be smooth sailing from there. Personally, I've made 4% shorting the market and will continue to do so on Monday, as Friday will be no more than a rally with a hint of dropping towards mid day.
>mfw you didn't have any stocks from Chinese companies
>mfw I didn't move to Shanghai to chase the China meme like some of my friends
>mfw all my investments had little interest in Chinese market
This was expected back in August when China stop the market from selling for 4-6 months. When those measures were lifted the market continue to go down because China economy is propped up by trillions of dollars worth of shit. Think 2008 on steroid with mutant radiation. It will take down the whole world with them.